DZ20220411

 

*Key points

Macro

*Premier Li Keqiang held forum with experts and entrepreneurs on April 7th which sought for suggestions on further economic work. Key notes as 1) accelerate issuance of policies with new plan under research; 2) enhance supports on enterprises in difficulties; 3) stabilize product price and market expectation; 4) enhance poverty alleviation on consumption related industries; 5) financial supports under research for consumers in dilemma; 6) higher level of opening-up and maintain stable currency rate for external uncertainties.

 

Financials

*Yi Huiman, chairman of CSRC raised requirement on high-quality development of listed companies and pointed out to 1) promote stable implementation of overall registration system with new round of action plan in improving quality of listed companies to be formulated; 2) Underlying range of connects and dual opening-up of commodities and financial futures to be expanded; 3) new supervisory rules on overseas listing will be issued with cooperation between China and US on audit and supervision promoted to create predictable global supervision environment.

 

Industrial Economy

*The State Council issued opinions to build up national unified market which pointed out set up unified energy market, optimize multi-layered power market system with construction of national power trading center under research and the role of national coal trading center to be well played.

 

Co Focus

*4 new vehicle types of BYD Han series been issued on April 10th with price range after subsidies between cny 215.8k to 329.8k, according to its official wechat account.

 

*Block Trade Info

*Discount

- Bio-Tech (300957 CH) saw 3 block trades worth 63mn at 181.59 yuan per share, 0.31pct discount from last closing.

- Gohigh Data (000851 CH) saw 6 block trade worth 114mn at 4.81yuan per share, 7.14pct discount from last closing.

- Polaris Bay Group (600155 CH) saw 11 block trades worth 57mn at 8.71yuan per share, 9.08pct discount from last closing.

- Bank of Communications(601328 CH)saw 1 block trades worth 31mn at 4.62yuan per share, 10.64pct discount from last closing.

- BOE Tech (000725 CH) saw 1 block trade worth 116mn at 3.77yuan per share, 10.24 discount from last closing.

- Pharmaron (300759 CH) saw 2 block trade worth 116mn at 110.8yuan per share, 0.54 discount from last closing.

 

*Premium

- Kweichow Moutai (600519 CH)saw 2 block trade worth 37mn at 1842yuan per share, 3.25pct premium from last closing.

- Luzhou Laojiao (000568 CH) saw 2 block trades worth 26mn at 189.58 yuan per share, 0.48pct discount from last closing.

*Margin Trade

Total Margin Balance

1.5724 trillion

Total Short Selling Balance

89.6billion

SH Margin Balance

0.8288 trillion

SH Short Selling Balance

58.5 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

600346

167mio

600109

17mio

600056

127mio

510500

13.8mio

601001

79mio

512880

11.8mio

600425

63mio

600959

10mio

600199

59mio

600029

4.38mio

SZ Margin Balance

0.7377 trillion

SZ Short Selling Balance

31.5 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

300750

162mio

300433

2.88mio

000671

100mio

000630

1.95mio

000402

89mio

300308

1.85mio

002670

88mio

000157

1.73mio

002460

88mio

002670

1.41mio

*Connection Trade

SH-HK Connection (bn cny)

SZ-HK Connection (bn cny)

Northbound Net Cash Flow

+1.1

Northbound Net Cash Flow

-1.7

Southbound Net Cash Flow

-0.1

Southbound Net Cash Flow

+0.4

Top 5 Northbound Inflow

Top 5 Northbound Outflow

Name

Market Value (mio cny)

‰ out of ttl share outstanding

Name

Market Value (mio cny)

‰ out of ttl share outstanding

600519

626

0.39

600276

589

2.61

300274

279

1.16

002460

468

4.26

000001

242

0.75

002594

323

1.16

601668

210

0.09

600460

153

2.66

600309

190

0.82

601899

146

0.62

*Index Futures

Position of Top 20 members (Unit lots)

CSI 300 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IF2204

114,478

-1,501

62,574

-5,032

66,713

-6,511

IF2205

9,496

384

9,161

1,099

8,892

822

IF2206

31,713

932

52,949

258

64,374

409

IF2209

8,507

-1,199

23,336

-665

29,939

-848

SSE 50 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IH2204

52,553

-3,414

25,536

-2,080

26,489

-2,389

IH2206

16,428

396

22,888

-398

29,857

208

IH2209

6,286

-940

13,222

-294

18,338

-434

CSI 500 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IC2204

101,853

3,783

69,496

-2,162

67,838

-2,669

IC2205

18,694

6,120

18,731

4,352

18,216

3,827

IC2206

33,568

4,696

86,345

16

100,724

-185

IC2209

17,971

1,718

77,919

385

85,873

466

*Index Options

Position of Top 20 members (Unit lots)

CSI 300 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IO2204

151078

-4244

71471

15

81826

-1678

IO2205

27808

913

31158

2130

32805

2342

IO2206

3713

-1828

22565

94

27127

102

*Treasury Futures

Position of Top 20 members (Unit lots)

2-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TS2206

20686

764

38640

21

41385

230

5-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TF2206

54833

8399

84784

-581

94871

-82

10-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

T2206

81196

-3678

130648

-228

143712

1454

T2209

3640

-2462

16679

40

17163

78

 

Top 3 Gainers (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Crude Oil

SC2205

637.5

+3.24%

126,930

27,785

Zinc

ZN2205

27,490.0

+1.61%

74,890

116,119

Silver

AG2206

5,074.0

+1.32%

273,171

454,977

Top 3 Loser (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Stainless Steel

SS2205

19,570.0

-3.09%

42,926

50,740

Methanol

MA205

2,808.0

-2.84%

295,134

437,598

EG

EG2205

4,921.0

-2.8%

141,498

223,158

*Night Session Commodities Market (As of 02:30 am)

* Global oil prices mostly closed up as May contract of WTI rose by 1.95%, quoted at $97.90/barrel. Likewise, June contract of Brent shifted up by 1.81%, closed at $102.40/barrel. For the week ending on April 8, WTI and Brent slipped 1.38% and 1.91% lower WoW respectively.

* COMEX gold futures closed higher to $1,950.4 per ounce with 0.65% increase. COMEX silver futures settled at $24.905 per ounce, added 0.69%. For the week ending on April 8, gold and silver futures rose 1.39% and 1.02% WoW respectively.

* For the night session on March 11, commodity market mostly closed down for chemical and energy series leading the downside. Methanol and EG both fell over 2%, paper pulp and bitumen shifted over 1% lower. Likewise, black series mostly went down as coking coal, iron ore and steel rebar all settled with more than 1% decline. In terms of agricultural products, rapeseed meal and palm oil both added over 1%. Soybean meal and soybean oil shifted up by 1.19% and 1.15% respectively.

* LME metals mostly closed up with LME copper rose by 0.32% to $10,344/ton, LME zinc up by 2.63% to $4,298/ton, LME nickel rose by 0.87% to $33,990/ton, while LME aluminum down by 0.38% to $3,372/ton, LME tin shifted 0.16% lower to $43,530/ ton, and LME lead closed up with 1.07% increase at $2,410/ton.

 

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The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.